Injury Claim Settlement Posted on 5/21/2010 |

There are many situations where insurance companies and parties at fault have to initiate the process of injury claim settlement. The term injury claim can be used in several different aspects, such as claim made to the insurance company, claim of compensation made to the party at fault, or claim for compensation provided by the insurance company of the party at fault. To know more about injury claim settlement, read on…

The injury claim settlement is a very complicated issue, as it involves both the fields of law and insurance. Injury claim settlement is basically the compensation that is provided by insurance companies or by parties at fault. An injury claim is an appeal or demand for compensation of losses, and a settlement is the actual process of payment of compensation.

What is an Injury Claim?
It so happens that may a times, we get injured due the actions or faults of other people. A car accident is an excellent example of such a situation. In such a situation, people who are not at fault often gets injured and are burdened with unnecessary losses. The legal systems all over the world have empowered their citizens with rights to claim the compensation for losses. This can be usually done in two ways:

• Court Case: The affected person, who is not at fault can file a case with the regional court for compensation. The compensation is usually granted in two different ways. The party at fault can directly compensate for the injured party or the insurance company of the party at fault can compensate the injured party.
• Insurance Company: The insurance companies in several occasions, provide the injured party with adequate compensation. The amount of compensation, may be full or even partial.

In some cases, the party at fault pays up the amount of compensation on its own, without court orders. The amount of injury claim settlement can be calculated with the help of a personal injury settlement calculator or with the help of injury